Donald Trump’s fine in a New York civil fraud case for manipulating property values to obtain favorable loan and insurance rates was officially set at more than $454 million on Friday.
The verdict includes a $354 million fine and $100 million in prejudgment interest, which the former president is expected to pay, following a three-month non-jury trial that concluded on February 16. If you fail to do so, interest will continue to accrue.
President Trump has two options for responding to states’ demands. He can either pay the full amount or secure a $35 million bond on his own assets, which include Trump Tower on Fifth Avenue, 40 Wall Street and his Mar-a-Lago mansion. Number of golf courses in America.
In the final ruling, Judge Arthur Engoron also awarded Trump’s adult sons, Donald Trump Jr. and Eric Trump, nearly $4.7 million each, and the Trump Organization’s former chief financial officer, Allen.・Ordered Mr. Weisselberg to pay $1.1 million, including interest.
The former president, who has repeatedly described prosecutors as a “witch hunt,” has denied any wrongdoing and said he would appeal.
The hefty fine ordered by Engelon sparked new testimonies between Trump and New York Attorney General Letitia James over the incident.
James told ABC News on Wednesday that he was prepared to seize the former president’s assets if he could not pay the fine.
“If we don’t have the funds to repay the judgment, we will ask the court for a mechanism to enforce the judgment and we will ask the judge to seize our assets,” James said in an interview with the station.
“We’re ready to make sure New Yorkers get their verdict. Yes, I watch 40 Wall Street every day,” James added.
Mr. Trump’s lawyer, Alina Hubba, dismissed Mr. James’ lawsuit and her threat to occupy 40 Wall Street, saying it would not succeed.
“Let me just say this: That goal will not succeed, and that’s the message I can convey to everyone listening here. It will not succeed.” Haba told Fox News.
In his sentencing a week ago, Engoron said the defendants “showed a complete lack of contrition and remorse.” [which] It imposed fines on Mr. Trump and prohibited his adult sons from holding positions as chief executives of New York companies or seeking loans from New York-registered banks for three years and his adult sons for two years. .
On Thursday, he rejected a request by Trump’s lawyer, Clifford Roberts, to delay the execution of the sentence for 30 days to allow for “an orderly post-judgment process, especially given the size of the sentence.”
Engoron told his lawyers that he was “unable to explain, let alone justify, the basis for the suspension.” I am confident that the Appellate Division will protect your appellate rights. ”
